NIDF posts N10.63bn H1 profit

The Nigeria Infrastructure Debt Fund (NIDF) has announced strong financial results for the first half of 2026, posting a profit before tax of N10.63 billion. Managed by Chapel Hill Denham Management Limited, the fund continues to solidify its position as a leading income-generating investment vehicle on both the Nigerian Exchange and FMDQ Exchange.

During the six months ending June 30, 2026, NIDF's total income reached N11.80 billion. This robust performance was primarily fueled by significant interest generated from its diverse infrastructure loan portfolio. The fund's loans exhibited a weighted average annualised yield of 18.23%, with a weighted average tenor at disbursement of 10.33 years and a remaining life of 7.74 years.

Despite a challenging macroeconomic climate, marked by a 336 basis point decline in the 10-Year FGN bond benchmark compared to the previous year, NIDF successfully maintained its performance streak. The fund's strategic structure has effectively insulated it from market volatility. "NIDF continues to consistently outperform its benchmark: the 10-Year FGN bond," the report noted, adding that "the loans are typically priced at 300-500bps over the benchmark on a floating rate basis."

As of June 30, 2026, NIDF's net assets stood at N130.56 billion, with a stable Net Asset Value per unit of N109.08. The fund's total market value on the exchange closed the half-year at N161.59 billion. In line with its objective of providing consistent long-term cash flows, NIDF declared a Q2 2026 distribution of N4.40 per unit, payable on July 27, 2026, fully funded by quarterly cash inflows. Looking ahead, NIDF is preparing for substantial portfolio expansion, supported by a strong cash position of N45.77 billion and an additional investment pipeline valued at N25.7 billion.